Objective/Approach

The fund seeks a high level of current income, consistent with stability of principal, that is exempt from federal income taxes.
View the Strategy & Risks section for this fund for more information.

Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or a summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

An investment in a money market fund is not insured or guaranteed for the Federal Deposit Insurance Corporation, or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. As a measure of current income, seven-day yield is more reflective of the fund's income generating ability than total return. Yield fluctuates.

Notes & Disclosures

Any order in proper form placed with Dreyfus by 3:00 PM ET and for which Federal Funds are received by 4:00 PM ET will be effective on that date. Investors will earn the dividend declared on that day.

Daily and 30-day yield quotations may reflect current expense absorptions, without which performance would have been lower. You should discuss with Dreyfus or your advisor your initial investment amount, time horizon, and other relevant factors in selecting a fund for investment.

Subsidized yield may reflect the waiver of receipt of a portion of the management fee, and/or a reimbursement of fund expenses, by The Dreyfus Corporation, which would have the effect of lowering the fund's expense ratio and generating a higher yield.